7 mars 2022 | Local, Aérospatial
CAE announced that it has taken a series of flexible measures to protect its financial position in response to the COVID-19 crisis and mitigate the impact on its employees. The measures include temporarily suspending its common share dividend and share repurchase plan, as well as temporarily laying off 2,600 of its 10,500 employees and placing another 900 employees on a reduced work week. CAE also announced that, in an effort to help save lives, it is developing an easy-to-manufacture ventilator which will provide life support to patients in intensive care.
“CAE continues to support its customers as the training services we provide are considered essential around the world. Our civil aviation operations are most affected by the unprecedented disruption of the global air transportation system. At the same time, our defence and security operations are less impacted because CAE provides mission critical services worldwide,” said Marc Parent, CAE's president and CEO. “We entered this crisis from a position of strength with a leading market position, a balanced business with recurring revenue streams, and a solid financial position. Taking decisive yet flexible action will help to protect our people and operations over the short-term and gives us the necessary agility to resume long-term growth when global air travel returns. Our employees have always been at the core of CAE's success, we regret the hardship these temporary measures will cause those affected, especially during these difficult times, and we are grateful to all our employees for their contribution and dedication.”
To mitigate the number of temporary layoffs, CAE significantly reduced capital expenditures and R&D investments. The company also announced cost-containment measures, including salary freezes and salary reductions for staff not affected by reduced work weeks (50 per cent for the CEO and executive team, 30 per cent for vice-presidents, 20 per cent for directors and managers, and 10 per cent for group leaders and employees).
CAE is working to access government emergency relief measures and wage subsidy programs in its main operating jurisdictions and will assess their impact on its mitigation plans. As details of government assistance programs around the world are finalized, CAE will do everything it can to recall as many employees as possible.
CAE's board of directors has approved the suspension of dividend payments to common shareholders until further notice and will review this position on a quarterly basis. Core to its capital allocation priorities, CAE remains committed to paying dividends over the long-term that are commensurate with the long-term growth of its business and will seek to resume dividend payments as soon as it is appropriate.
CAE's board of directors has also approved the temporary suspension of all share repurchases under its normal course issuer bid program.
In civil aviation, training is highly regulated, and for pilots to remain active and to continue to hold their certifications, they must train regularly — usually every six to nine months. While training activities related to new pilot training have decreased substantially, many airlines and business jet operators have continued to conduct recurrent training to maintain the certification of their existing pilots. Two-thirds of CAE's more than 50 civil training centres worldwide continue to be operational, however training utilization is lower than usual as a result of restrictions from border closures and lockdowns that have forced temporary closures and disruptions to operations.
In defence and security, as underscored by governments worldwide, CAE's work is considered essential, and its employees are deployed worldwide to actively support training and readiness requirements. Over 90 per cent of CAE's operational sites are still delivering services to support defence forces who must always be prepared and ready in the interest of national security.
To help in the fight against COVID-19, CAE Healthcare engineers and scientists have designed in 11 days a simple, maintainable, easy-to-manufacture ventilator prototype to provide life support to patients in intensive care. CAE is currently sourcing components in order to begin production of this ventilator as soon as it is approved by Health Canada.
“CAE has employees around the world, and we are all proud of the impact we can have by putting our expertise to work to create a ventilator that can help save lives in the fight against COVID-19,” said Parent. “Once this prototype is approved by public health authorities, we are looking at manufacturing thousands of units in our Montreal plant and in other sites over the next few months.”
CAE is also providing complimentary training seminars on how to prepare healthcare workers in the fight against COVID-19. The CAE team is launching simulation-based training solutions, both web and hardware based, to train personnel in the safe practice of ventilation and intubation, which is key to saving lives. This is even more critical right now when ventilation and intubation is being done by healthcare professionals who are not trained for these complex procedures.
7 mars 2022 | Local, Aérospatial
31 janvier 2019 | Local, C4ISR
Dominique Lemoine - 30/01/2019 Trois contrats fédéraux de systèmes intégrés de technologies de l'information pour les Forces armées du Canada ont été attribués à General Dynamics Mission Systems, une entreprise qui est basée en Virginie aux États-Unis. Services publics et Approvisionnement Canada (SPAC) affirme que la valeur totale de ces trois contrats atteint 621,5 millions de dollars, et que ces derniers doivent « générer des retombées économiques », dont le « maintien » de 494 emplois à Ottawa et à Calgary. Selon SPAC, ces trois contrats de cinq ans visent à « fournir aux militaires l'équipement dont ils ont besoin pour s'acquitter de leur travail », et ils concernent « le soutien du système C4ISR de commandement, contrôle, communication, informatique, renseignement, surveillance et reconnaissance ». Le C4ISR est un « ensemble de systèmes tactiques intégrés qui est composé de réseaux interconnectés de systèmes d'information et de communication numériques », précise SPAC, qui soutient aussi que « l'Armée dépend de ces systèmes de communication et d'information pour diriger les opérations terrestres et obtenir l'information requise à cette fin ». Les contrats incluent un « soutien en ingénierie de cybersécurité », d'une valeur de 56,5 millions de dollars, pour « la protection des systèmes d'information et de données contre le vol et les dommages à l'information qu'ils contiennent ». Un deuxième contrat de 367,25 millions de dollars vise le « soutien en génie et intégration » pour « l'intégration du système de C4ISR terrestres ». Le troisième, d'une valeur de 197,75 millions, vise le « soutien du logiciel de transition », pour le « soutien logiciel servant à intégrer différents points de données, tels que les relevés GPS », et ce, « en un seul système qui favorisera la prise de décisions ». Selon le palier fédéral, l'Armée a « besoin des plus récentes technologies pour mieux comprendre son environnement d'opérations et détecter les menaces », le système tactique intégré C4ISR permet aux troupes « de rester en contact les unes avec les autres », ainsi qu'avec des alliés et leur quartier général, et les contrats vont permettre de développer des capacités dans le domaine de la « cyberrésilience ». https://www.directioninformatique.com/trois-contrats-militaires-federaux-pour-general-dynamics-mission-systems/65486
10 janvier 2019 | Local, Aérospatial
DAVID PUGLIESE, OTTAWA CITIZEN The Canadian Forces is preparing to take possession by the spring of the first of 25 used Australian F-18 fighter jets. Eighteen of the Australian aircraft will be flying while another seven will be used for testing and spare parts. The Department of National Defence has provided more details on the types of aircraft Canada is acquiring. “The requested mix is 12 A-model (single seat) and 6 B-model (dual seat) aircraft; however, this is subject to adjustment,” said Department of National Defence spokesman Dan Le Bouthillier. The final mix will be dependent on a number of considerations, including the condition and availability of aircraft, he added. The dual seat aircraft will be used for training, Le Bouthillier noted. The additional fighter jets will be used to augment operations and training. One of the first things that will be done to the used Australian F-18s that Canada is purchasing is that the aircraft will be outfitted with different ejection seats and software. The first two F-18s that Canada is buying from Australia will arrive sometime in the spring and will be sent to Cold Lake, Alta, Pat Finn, assistant deputy minister for materiel at the Department of National Defence said. “They land, they (the Australians) will remove their software and we'll install our software,” Finn explained in an interview. Also to be installed are ejection seats and a lighting system that is used on the CF-18s. “Ultimately the intent is the 18 aircraft are indistinguishable from our 76 aircraft,” Finn said. Canada has finalized its deal to buy the 25 used fighter jets from Australia, https://ottawacitizen.com/news/national/defence-watch/used-australian-f-18s-heading-to-canada-will-be-a-mix-of-single-and-dual-seat-aircraft